European Steel Producers "The EC confirms country level steel quotas" Jones

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European Steel Producers "The EC confirms country level steel quotas" Jones

Global Research

1 July 2026ab

European Steel Producers Equities

Europe including UKThe EC confirms country level steel quotas

Steel

Andrew Jones

The EC sets new steel safeguard quotes and allocation framework Analyst

Yesterday, the European Commission (EC) published the country level allocation under andrew-i.jones@ubs.com

the new steel regulation that will replace existing safeguard measures from today, 1st +44-20-7901 6545

July. The regulation establishes a total annual quota of 18.3mt, split equally between Myles Allsop

volumes reserved for Free Trade Agreement (FTA) partners and volumes open to all Analyst

countries. According to the EC, this approach allows FTA partners a relatively higher myles.allsop@ubs.com

share of EU market excess despite an overall average quota cut of 47%. A number of +44-20-7568 1693

trading partners have provisionally agreed to their allocations, while negotiations Zenande Meyiwa

continue with trading partners at the WTO under article under XXVIII GATT. Adopted Analyst

under an urgency procedure, the measures will initially apply until the end of 2026, with zenande.meyiwa@ubs.com

member states required to vote within 14 days and a further review scheduled under the +44-20-7567 5474

standard comitology process before expiry. Daniel Major

Analyst

Dual MFN and FTA quota system with country-specific allocations daniel.major@ubs.com

+44-20-7568 3472

The quota framework is divided into two key elements: Most Favoured Nation quotas

(MFN) , which are accessible to all third countries on a non-discriminatory basis, and FTA, Steve Friedman

which are reserved for countries with an existing or future trade agreement with the EU. Analyst